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☆ Turkmenistan rebukes Russia over 'gas union' comments
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +2 min

A 3D printed natural gas pipeline is placed in front of displayed Turkmenistan flag in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File PhotoASHGABAT, Aug 12 (Reuters) - Turkmenistan warned Russia on Saturday against trying to extend its influence over the Central Asia-China natural gas supply chain after Moscow said more countries could join its "gas union" with Kazakhstan and Uzbekistan. Turkmenistan, Uzbekistan and Kazakhstan all pump gas to China via a pipeline crossing the three countries; the lion's share of gas comes from Turkmenistan as the two other countries have faced strong growth in domestic gas demand. Russia, trying to open up new Asian markets for its gas after Western sanctions, said last year it was forging a gas union with Kazakhstan and Uzbekistan that would streamline shipping and exporting gas to them and to third parties. Russia's foreign ministry said this week the gas union could be expanded as other countries were interested in joining it; it did not name any.

Persons: Dado, Marat Gurt, Olzhas, David Evans Organizations: REUTERS, Central, Gazprom, Thomson Locations: Turkmenistan, ASHGABAT, Russia, Central Asia, China, Moscow, Kazakhstan, Uzbekistan, Ashgabat

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2023 were $2.17 billion, versus $2.36 billion a year before. That was partially offset by higher revenues from increased volumes on its natural gas liquids, natural gas and crude oil businesses, it said. Enterprise sees natural gas liquids pricing and ethane pricing as constructive in the second half of 2023. During the quarter, the company saw operational records for natural gas pipeline volumes and natural gas liquids fractionation volumes. It brought online new projects including the 400 million cubic feet per day expansion of its Haynesville Extension of the Acadian natural gas pipeline system, and its Poseidon cryogenic natural gas processing plant in the Midland Basin.

Persons: Gary McWilliams, Stephanie Kelly, Jan Harvey, Andrea Ricci Organizations: Enterprise Products Partners, REUTERS, Reuters Connect Companies Enterprise Products, Enterprise, Oil, Thomson Locations: Houston , Texas, U.S, Corpus Christi , Texas, Midland, Chambers County , Texas, Delaware, Texas

☆ Equitrans US Mountain Valley natgas pipe on track for end 2023 completion
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. REUTERS/Charles Mostoller/File PhotoAug 1 (Reuters) - U.S. energy company Equitrans Midstream (ETRN.N) on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018. Mountain Valley is key to unlocking gas supplies from Appalachia, the nation's biggest shale gas-producing basin in Pennsylvania, Ohio and West Virginia. When Mountain Valley started construction in February 2018, Equitrans estimated the 2.0-billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018. The 303-mile (488-kilometer) Mountain Valley project is owned by units of Equitrans, the lead partner building the pipe with a roughly 48.3% interest, NextEra Energy (NEE.N), Consolidated Edison (ED.N), AltaGas (ALA.TO) and RGC Resources (RGCO.O).

Persons: Charles Mostoller, Thomas Karam, Scott DiSavino, Marguerita Choy Organizations: REUTERS, U.S, Supreme, U.S ., Equitrans, NextEra Energy, Consolidated Edison, RGC Resources, Thomson Locations: Elliston , Virginia, U.S, West Virginia, Virginia, Appalachia, Pennsylvania , Ohio, U.S . Congress

☆ Supreme Court allows work on contested natural gas pipeline to resume
▼ + stars: | 2023-07-27 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. WASHINGTON — The Supreme Court on Thursday allowed work on a natural gas pipeline crossing federal land in Virginia to resume over the objections of environmental groups. The justices granted an emergency request filed by Mountain Valley Pipeline, meaning that final elements of the 303.5 mile pipeline running from the northwestern part of West Virginia to southern Virginia can be finished. The appeals court intervened despite Congress including language in the recently enacted Fiscal Responsibility Act backed by Sen. Joe Manchin, D-W.Va., that stripped courts of authority to review approval of the pipeline. "The court of appeals' stay orders flew in the face of this recent, on-point, and emphatic congressional command that the remaining construction of the Mountain Valley Pipeline must proceed without further delay," the lawyers added.

Persons: WASHINGTON —, Sen, Joe Manchin, Biden Organizations: WASHINGTON, U.S, Circuit, Jefferson National Forest, Wilderness Society, U.S . Forest Service, Midstream Corp Locations: Elliston , Virginia, Virginia, West Virginia, Richmond , Virginia, Jefferson

SATUS, Washington, July 22 (Reuters) - A fast-growing wildfire forced residents to evacuate a rural stretch of southern Washington state's Klickitat County on Saturday after it burned more than 30,000 acres in less than 24 hours. The Newell Road Wildfire has already destroyed several structures in the area and is threatening homes, farms, crops and livestock, solar and wind farms and a natural gas pipeline, county emergency officials said. Firefighters from across the area have descended on the blaze that is burning just north of the Columbia River, which marks the state's border with Oregon. Officials have not said what caused the fire, and there have been no reports of injuries or deaths. Reporting by Matt McKnight in Satus, Washington; Additional reporting by Jonathan Allen in New York; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Matt McKnight, Jonathan Allen, Paul Simao Organizations: Firefighters, Thomson Locations: Washington, Klickitat County, Bickleton, Portland , Oregon, Columbia, Oregon, Satus , Washington, New York

☆ Warren Buffett flaunts his green investment thumb
▼ + stars: | 2023-07-17 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, July 17 (Reuters Breakingviews) - How does Warren Buffett allocate capital? Buffett noted a few years ago how electric utilities need a “massive makeover” involving costs that would chew up BHE’s earnings for decades. Natural gas will also become increasingly important as a backup fuel. Unlike most utilities, BHE doesn’t have to pay a dividend – and neither does Berkshire, because of the faith investors have in the $750 billion company. This frees up capital, giving Buffett an edge where capex and acquisitions are concerned.

Persons: Warren Buffett, Buffett, Greg Abel, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Berkshire Hathaway Energy, Dominion, Chevron, Occidental Petroleum, Twitter, Dominion Energy, Brookfield Infrastructure Partners, Thomson Locations: Berkshire, Brookfield

☆ Aramco, TotalEnergies sign $11 billion contract to build petrochemicals complex in Saudi Arabia
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: 1 min

[1/2] A 3D printed natural gas pipeline is placed in front of displayed Saudi Aramco logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoJune 24 (Reuters) - Saudi Arabian Oil Company (Aramco) (2222.SE) and TotalEnergies (TTEF.PA) have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint statement on Saturday. "Aramco and TotalEnergies today awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion "Amiral" complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia," the statement read. Reporting by Hatem Maher and Omar Abdel-Razek; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Hatem Maher, Omar Abdel, Toby Chopra Organizations: REUTERS, Saudi Arabian Oil Company, Aramco, TotalEnergies, Procurement, Thomson Locations: Saudi Aramco, Saudi, Saudi Arabia, Kingdom of Saudi Arabia

☆ Key environmental groups endorse Biden despite approval of fossil fuel projects
▼ + stars: | 2023-06-15 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks at the League of Conservation Voters annual dinner in Washington, U.S., June 14, 2023. Four of the country's largest environmental groups have endorsed President Joe Biden's reelection bid despite disapproval from climate activists over his administration's support of fossil fuel plans, including the approval of an oil drilling project in Alaska and a natural gas pipeline in West Virginia. Some smaller climate groups, however, are withholding their support and condemning the president for breaking his early campaign promise to end all oil and gas drilling on federal lands. The Biden administration has since mandated the sale of offshore drilling leases, sped up completion of the Mountain Valley Pipeline as part of a debt limit bill and approved a controversial Alaska drilling project called Willow. Endorsing groups said that while they'll continue to hold the administration accountable for fossil fuel projects, having Biden for a second term is critical for progress on other climate initiatives.

Persons: Joe Biden, Joe Biden's, Biden, Kamala Harris, they'll Organizations: League of Conservation Voters, The, of Conservation Voters, Sierra Club, Natural Resources Defense Council, NextGen America Locations: Washington , U.S, Alaska, West Virginia, Washington ,

☆ Russia urges 'transparent' investigation into Nord Stream blasts
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 14 (Reuters) - A "transparent and objective" international investigation in the blasts at the Nord Stream natural gas pipelines is needed, a high-ranking Russian diplomat to the United States said early on Wednesday. Commenting on reports that the U.S. reportedly warned Ukraine not to attack the pipelines under the Baltic Sea, Andrey Ledenev, minister-counsellor at the embassy, said the role of the United States in the blasts should also be "clarified". "It would be useful to think about the reasons for the stubborn unwillingness of the collective West to launch a transparent and objective international investigation under the auspices of the U.N. Security Council in the terrorist attacks in the Baltic Sea," Ledenev was quoted as saying in a post on the embassy's Telegram messaging channel. Reporting by Lidia Kelly in Melbourne; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrey Ledenev, Ledenev, Lidia Kelly, Muralikumar Organizations: . Security, Thomson Locations: Russian, United States, U.S, Ukraine, Baltic, Melbourne

☆ Dutch intelligence warned CIA about alleged Ukrainian plot to attack Nord Stream pipelines, Netherlands’ public broadcaster reports
▼ + stars: | 2023-06-13 | by ( Mick Krever Alex Marquardt Sarah Dean Sugam Pokharel | Mick Krever | Alex Marquardt | ) edition.cnn.com time to read: +2 min

CNN —Dutch military intelligence warned the American intelligence service, CIA, last year about an alleged Ukrainian plan to blow up the Nord Stream pipelines three months before they were hit, Dutch public broadcaster NOS reported on Tuesday without specifying a source. The United States received intelligence from a European ally last year that the Ukrainian military was planning an attack on the Nord Stream natural gas pipelines, CNN reported last week based on information from three US officials. The Wall Street Journal (WSJ) reported on Tuesday that the CIA warned Ukraine last year to not attack the Nord Stream gas pipelines after receiving information about an alleged Ukrainian plan, citing officials familiar with the exchange. The CIA received the tip from Dutch military intelligence, the officials told the WSJ. Netherlands’s public broadcaster in its report said that the Dutch military intelligence service, MIVD, was able at an early stage to gather detailed information about alleged Ukrainian plot to blow up the pipelines.

Persons: hasn’t, Volodymyr Zelensky, ’ ” Mykhailo Podolyak Organizations: CNN, CIA, NOS, ARD, United, Street, European Union, Twitter Locations: United States, Western, Ukraine, Ukrainian, Nord, Russia, Baltic, Europe

☆ Russia says Ukraine tried to attack Russian ship near major gas pipelines in Black Sea
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, June 11 (Reuters) - Russia said on Sunday that Ukraine had made unsuccessful attempt to attack a Russian naval ship with six high-speed drone boats as the Russian vessel patrolled major natural gas pipelines in the Black Sea. At the time of the attack, a U.S. RQ-4 Global Hawk unmanned surveillance aircraft was in the central area of the Black Sea, the defence ministry said. "The Black Sea Fleet ship 'Priazovye' continues to carry out its assigned tasks," the defence ministry said. The pipeline, which allows Moscow to bypass Ukraine as a transit route to Europe, carries Russian natural gas to southern Europe through the Black Sea and Turkey. The Blue Stream pipeline delivers Russian gas to Turkey.

Persons: Guy Faulconbridge Organizations: Ukraine, Reuters, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Sevastopol, Crimean, U.S, Turkey, Moscow, Europe

☆ Russia says West trying to confuse the world over Nord Stream culprits
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

June 7 (Reuters) - The Russian embassy in the United States said on Wednesday that a report the United States knew of a Ukrainian plan to attack the Nord Stream natural gas pipelines was part of a coordinated Western attempt to confuse the world over the truth. "The coordinated campaign of the West, led by the United States, to confuse the international community is sewn with white threads," Russian diplomat Andrey Ledenev was quoted as saying in a post on the embassy's Telegram messaging channel. Several underwater explosions ruptured the Nord Stream 1 and the newly built Nord Stream 2 pipelines that link Russia and Germany across the Baltic Sea in September 2022. Russia has repeatedly said the West was behind the blasts affecting the Nord Stream 1 and 2 pipelines last September - multibillion-dollar infrastructure projects that carried Russian gas to Germany. Reporting by Lidia Kelly in Melbourne; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrey Ledenev, Lidia Kelly, Guy Faulconbridge Organizations: Washington Post, CIA, White House, Thomson Locations: Russian, United States, Russia, Germany, Baltic, Sweden, Denmark, U.S, Melbourne

☆ CIA was warned of a high-level Ukrainian plot to sabotage Nord Stream pipeline months before it was attacked: report
▼ + stars: | 2023-06-06 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +4 min

The CIA received intelligence on Ukrainian plans to attack Nord Stream months before the pipeline was sabotaged. Details about the planning was included in intelligence leaked online and obtained by The Washington Post. In the wake of the blasts that severely damaged the Nord Stream pipeline, President Joe Biden declared the incident a "deliberate act of sabotage" and said the US and its partners were working to "get to the bottom" of what exactly happened. Though Kyiv is a suspect in the attack on the Nord Stream pipeline, Russia, which has blamed the West, has also been identified as a potential suspect with the means and some motives to conduct such an attack. A senior European diplomat told The Post that when European and NATO policymakers meet, the attitude among them is generally: "Don't talk about Nord Stream."

Persons: —, Valerii, Volodymyr Zelenskyy, Joe Biden Organizations: CIA, The Washington Post, Service, Washington Post, Air National Guard, Post, Ukraine's, New York Times, NATO, Kyiv Locations: Ukraine, Ukrainian, Russia, Germany, Kyiv, Nord, Russian, Baltic, European

☆ US received intel from European ally that Ukrainian military was planning attack on Nord Stream pipelines, officials say
▼ + stars: | 2023-06-06 | by ( Natasha Bertrand Alex Marquardt Haley Britzky | Natasha Bertrand | Alex Marquardt | ) edition.cnn.com time to read: +4 min

CNN —The US received intelligence from a European ally last year that the Ukrainian military was planning an attack on the Nord Stream natural gas pipelines three months before they were hit, three US officials told CNN. The attack on the pipelines last September has been condemned by US officials and Western allies alike as a sabotage on critical infrastructure. CNN has not seen the document but the three officials confirmed the US was told about the Ukrainian plans. But, the intelligence also said that Ukraine’s military operation was “put on hold.”CNN has reached out to the Ukrainian government for comment. “I think you know there are three countries conducting an investigation of the Nord Stream sabotage — and we called it sabotage at the moment — Germany, Sweden, and Denmark.

Persons: Jack Teixeira, “, Valerii, Volodymyr Zelensky, ”, John Kirby, ” Kirby, Magdalena Andersson, ’ ” Mykhailo Podolyak, CIA “ Organizations: CNN, The Washington Post, Air National, Washington Post, ” CNN, White, National Security, European Union, Twitter, Russia, Post, CIA Locations: Western, Ukraine, Germany, Sweden, Denmark, Nord, Russia, Baltic, Europe, Swedish, Danish, Ukrainian

☆ Joe Biden used his first Oval Office address to tout the debt ceiling deal and pledge continued bipartisanship
▼ + stars: | 2023-06-03 | by ( Associated Press | Chris Kaye | ) www.businessinsider.com time to read: +6 min

Biden used his first speech to the nation from the Oval Office to celebrate a "crisis averted." "Passing this budget agreement was critical. "Passing this budget agreement was critical. Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly over raising taxes on the wealthy, something the Democratic president has sought. The Congressional Budget Office estimates it could expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care.

Persons: Biden, —, Joe Biden, wouldn't, Kevin McCarthy, Biden's, Karine Jean, Pierre, Friday, McCarthy, Donald Trump Organizations: Service, White, Treasury Department, U.S, GOP, Social Security, Republicans, Democratic, Resolute, Congressional, Internal Revenue Service, Trump, House

☆ Biden signed the debt ceiling bill, marking the end to tense negotiations that brought the country to the brink of default
▼ + stars: | 2023-06-03 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

President Joe Biden signed the debt ceiling bill into law Saturday afternoon. The White House negotiated with Members of Congress for weeks before the bill finally passed on Thursday. Eventually, the White House began weeks of intense negotiations with House Speaker Kevin McCarthy, R-Calif., to reach a deal. The Senate passed the bill quickly by a vote of 63-36 Thursday night, two days before Biden signed it into law. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue.

Persons: Joe Biden, —, Biden, Kevin McCarthy, McCarthy Organizations: White, Service, Treasury Department, U.S, Democratic, Republican, Social Security, Senate, AP, Congressional, Internal Revenue Service, Trump, House

☆ Schumer seeks to fast-track debt ceiling bill through Senate
▼ + stars: | 2023-06-01 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023. "The Senate will stay in session until we send a bill avoiding default to President Biden's desk, we will keep working until the job is done," Schumer, D-N.Y., said on the Senate floor at the opening of Thursday's session. WASHINGTON — Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate on Thursday to raise the debt limit for two years and cap government spending, as the U.S. barrels toward a June 5 deadline to avert a debt default. In exchange for giving their amendments a separate vote, McConnell hopes holdouts will agree to proceed with a full Senate vote on the debt ceiling bill before the weekend. Passing the debt limit compromise bill and sending it to President Joe Biden for his signature would "soothe the country and soothe the markets," McConnell said.

Persons: Chuck Schumer, luncheons, Biden's, Schumer, Utah Republican Mike Lee, Kentucky Republican Rand Paul, Tim Kaine, Kaine, Lee, Janet Yellen, Mitch McConnell, McConnell, holdouts, Paul, Joe Biden, Kevin McCarthy, Biden Organizations: Republican, Democratic, Utah Republican, Kentucky Republican, Management, Budget, Capitol, Schumer, Republicans Locations: Washington ,, WASHINGTON, U.S, Utah, Kentucky, Virginia, West Virginia, United States

Analysts say the proposed debt ceiling deal could have only marginal effects on the US economy. "The impacts will be negative but small," Mark Zandi, chief economist at Moody's Analytics, told CNN. Here's what's in the proposed deal and how it would show up in the broader economy:What's in the deal? It would keep non-defense spending relatively flat in fiscal 2024 and then set a cap of 1% in spending increases for fiscal 2025. The debt deal and GDP.

Persons: Mark Zandi, Goldman Sachs, Ian Shepherdson, Gregory Daco Organizations: Moody's, CNN, Internal Revenue Service, Pantheon, Bureau of Labor Statistics Locations: West Virginia

☆ Debt ceiling deal won’t have much impact on the US economy, analysts say
▼ + stars: | 2023-05-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

The US economy is the world’s largest, so the relatively modest effects on growth could be good news for investors who feared the debt ceiling crisis could have posed a greater and more widespread drag. Here’s what’s in the proposed deal and how it would show up in the broader economy. What’s in the debt ceiling dealThe deal would suspend the federal government’s $31.4 trillion debt limit through January 2025. The debt deal and GDPEconomists at Goldman Sachs expect the deal to reduce federal spending by as much as 0.2% of gross domestic product per year over the two years of the deal, compared with their baseline estimate. “Getting this uncertainty out of the way for markets and decision makers has a real impact,” said Mike Skordeles, head of US economics at Truist Advisory Services.

Persons: Joe Biden, Mark Zandi, Biden, Goldman Sachs, ” Goldman Sachs, Ian Shepherdson, Gregory Daco, ”, Mike Skordeles, Zandi, ” Michael Reynolds Organizations: DC CNN, House Republicans, Moody’s, CNN, Internal Revenue Service, Congressional, Pantheon, Bureau of Labor Statistics, Truist Advisory Services, Investment, “ Locations: Washington, West Virginia

☆ Manchin's Mountain Valley Pipeline would get the green light debt ceiling deal
▼ + stars: | 2023-05-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

The conservative Democrat from West Virginia, who has been critical of the Biden administration’s environmental goals, praised the White House and congressional Republicans this week. “All of a sudden, [the White House] did their job, they negotiated. Manchin has been critical of Biden's climate goals, but praised the White House and congressional Republicans this week for their work on the debt ceiling deal. White House officials backed Manchin’s effort last year, and climate and energy officials – including White House senior adviser John Podesta and Energy Secretary Jennifer Granholm – voiced support for approving the pipeline more recently. A Hail Mary effort to remove itThere could be a last-ditch effort to undo the pipeline piece of the debt ceiling bill.

Persons: CNN — Sen, Joe Manchin’s, Virginia –, Manchin, Kevin McCarthy, ” Manchin, “, Joe Biden’s, Justin Pearson, Kent Nishimura, Biden, ”, Abdullah Hasan, West Virginia’s Marcellus, James Van Nostrand, John Podesta, Jennifer Granholm –, Chuck Schumer, Mary, Sen, Tim Kaine, “ Sen, Kaine Organizations: CNN, Democratic, Democrat, Biden, White, Republicans, West, Appeals, Fourth Circuit, Keck, Environmental, Los Angeles Times, West Virginia University, White House, Energy, DC, Senate, Virginia Democrats, House, Republican, Kaine Locations: West Virginia, Virginia, Tennessee, clawing, West, Utica, Texas

☆ Premarket stocks: How crypto is dealing with debt ceiling turmoil
▼ + stars: | 2023-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s what’s in the debt ceiling dealPresident Biden and Republican House Speaker McCarthy put their long weekend to good use, coming to an agreement to raise the debt ceiling in the hope of avoiding a self imposed default on US government debt. If Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time. The debt ceiling bill does that, rescinding $1.4 billion in IRS funding. Corporate America celebrates debt ceiling dealIt appears that US industry is pleased with the debt ceiling deal, and would like Congress to pass it quickly. Leading business groups praised Biden and McCarthy for forging a bipartisan agreement over the weekend, reports my colleague Matt Egan.

☆ These companies are winners in the debt ceiling deal
▼ + stars: | 2023-05-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The debt ceiling deal in Washington did not set off a celebration in the stock market. The Sierra Club called on Congress to reject the deal and pass a clean bill to raise the debt ceiling. Wall Street is also betting lending company SoFi will cash in from the debt ceiling deal because it calls for borrowers to start paying back federal student loans at the end of the summer. IRS funding cuts, defense spending intactMeanwhile, the debt ceiling deal would shift a total of $20 billion in IRS funding from fiscal 2024 and fiscal 2025 to be used in non-defense areas. The defense industry is also emerging largely unscathed from the debt ceiling battle, unlike in 2011 when Washington agreed to significant defense spending cuts.

☆ Debt limit bill would speed completion of controversial West Virginia gas pipeline
▼ + stars: | 2023-05-30 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a West Virginia natural gas pipeline and curtail environmental reviews under one of the country's landmark environmental laws. The Mountain Valley Pipeline, which has been promoted by Sen. Joe Manchin, D-W.Va., would transport natural gas 303 miles from West Virginia to the Southeast, and part of it would cross through the Jefferson National Forest. The construction of the $6.6 billion pipeline is nearly done, though plans have been delayed for several years amid legal setbacks. Proponents say the pipeline is vital to bolstering U.S. domestic energy security, and that the plan was already near completion and set to move forward.

☆ Biden, McCarthy debt deal would speed up Mountain Valley gas pipeline
▼ + stars: | 2023-05-29 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

[1/2] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 28 (Reuters) - U.S. energy company Equitrans Midstream Corp's (ETRN.N) long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal. The pipeline is backed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in that body. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.O).

☆ Central Asia leaders converge in China as Xi touts 'enduring' friendship
▼ + stars: | 2023-05-18 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

The first to land was President Kassym-Jomart Tokayev of Kazakhstan - China's largest trading partner in Central Asia - with his face-to-face meeting with Xi on Wednesday ending with a deal to build "enduring friendship" and share "weal and woe". Tokayev's deal with Xi will set the tone for the other bilateral meetings, where China will seek deeper cooperation with other Central Asia states in its quest to achieve greater food, energy and national security. Two-way trade between China and Central Asia hit a record $70 billion last year, with Kazakhstan leading with $31 billion. Kyrgyzstan followed with $15.5 billion, Turkmenistan with $11.2 billion, Uzbekistan with $9.8 billion and Tajikistan with $2 billion. Reporting by Andrew Hayley; writing by Ryan Woo; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

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